View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
TREAS/IRS RIN: 1545-BI40 Publication ID: Spring 2009 
Title: ●Reporting Deferred Vested Benefits Under Section 6057 
Abstract: Since Employee Retirement Income Security Act of 1974 (ERISA), pension plans have used Schedule SSA of the Form 5500 to report participants who separate from service with deferred vested benefits. For plan years which begin after December 31, 2008, the Department of Labor will require that the Form 5500 and its schedules be filed electronically. The Department of Labor's mandated electronic filing requirement can only be for information which is within the Department of Labor's annual reporting jurisdiction. The information required under section 6057 of the Code is not in Title I of ERISA and therefore not covered by the Department of Labor's annual reporting requirements. Currently, the information collected under 6057 is not subject to an electronic filing mandate. Consequently, the Schedule SSA can no longer be filed as part of the Form 5500. Therefore, it is necessary for the Service to develop a new means of satisfying the requirement of section 6057. The Service has chosen to develop a new Form SSA which will require much of the same information as the Schedule SSA that was filed with the Form 5500 for plan years beginning before January 1, 2009. The regulations under section 6057 are being amended to provide guidance on the requirement that the Form SSA be filed in place of the Schedule SSA. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: Undetermined 
CFR Citation: 26 CFR 31   
Legal Authority: 26 USC 6057    26 USC 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/00/2009    
Additional Information: REG-153627-08 Drafting attorney: William D. Gibbs (202) 622-6060 Reviewing attorney: Lisa Mojiri-Azad (202) 622-6060 Treasury attorney: Helen Morrison (202) 622-1357 CC: TEGE
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Local, State 
Small Entities Affected: Businesses, Governmental Jurisdictions, Organizations  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
William D. Gibbs
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4422,
Washington, DC 20224
Phone:202 317-4102
Fax:855 604-6087
Email: william.d.gibbs@irscounsel.treas.gov